cook Posted December 31, 2012 Share Posted December 31, 2012 Hi I'm looking for recommendations for companies/individuals who can offer tax advice prior to our move. I've had a look at the HMRC website and am about to look at the ATO website. I have a job on a 457 visa with an Australian company and so I will pay tax in Australia. My husband however (director of his own UK based Ltd company - IT software) will live in Australia but continue to work on UK projects and still pay himself from the UK company into a UK bank account in GBP. I would assume he stays within the UK tax regime, or would it be considered that as he is physically sitting in Australia that he has earned the money in Australia? We both already do an annual self assessment tax return and will also have rental income from our UK house to account for as UK income. Its kind of complicated and we just want to check we are doing things properly so thought we should get independent advice, so if anyone has any recommendations I would be very grateful Link to comment Share on other sites More sharing options...
jaxcooper Posted December 31, 2012 Share Posted December 31, 2012 I would imagine you have to pay tax in Oz as you are there whilst earning, but that you would still have to pay hmrc for income on your propertyin the uk. It is something we are considering as we are pretty much in the same boat. There was a migration agent on here recently who gave someone loads of advice on a similar set up, i'll see if i can find the thread... This might help the agent was from gomatilda http://www.pomsinoz.com/forum/money-finance/170126-paying-my-own-salary-expenses.html Link to comment Share on other sites More sharing options...
noworriesmate Posted January 1, 2013 Share Posted January 1, 2013 Speak to Alan Collett at Go matilda - as well as being a migration agent he is a qualified accountant both in the UK and and also in Aus and handles my tax affairs in both countries which sound very similar to your own. NWM Link to comment Share on other sites More sharing options...
Alan Collett Posted January 1, 2013 Share Posted January 1, 2013 My husband however (director of his own UK based Ltd company - IT software) will live in Australia but continue to work on UK projects and still pay himself from the UK company into a UK bank account in GBP. I would assume he stays within the UK tax regime, or would it be considered that as he is physically sitting in Australia that he has earned the money in Australia? => It might be that your husband's company registers with the Australian Taxation Office for PAYG (Australia's equivalent of PAYE) and operates a local Aus payroll in respect of a salary. => This might be topped up by way of dividends from the UK company; on a subclass 457 visa overseas source dividend income is not subject to Aus tax, and as a non-UK resident individual your husband would not be subject to additional UK tax on the UK company divis either. Feel able to contact me directly by way of the Enquiry Form at the GM Tax website if you'd like to discuss further: http://www.gmtax.com.au/contact/ Best wishes for a successful 2013! Link to comment Share on other sites More sharing options...
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